Select base metals ease on lower demand, global cues

Select base metals eased in an otherwise lacklustre non-ferrous metal market here today on stockists selling and lower demand from industrial users on the back of bearish global cues.
Meanwhile, nickel recovered smartly owing to renewed demand from alloy industries.
On the global front, Industrial metal copper drifted early today, with traders alert to fresh measures by Beijing to shore up China's economy, while a slightly stronger dollar capped gains.
Tin declined by Rs 5 per kg to Rs 1,155 from last Friday's closing level of Rs 1,160.
Brass utensils scrap moved down by Rs 4 per kg to Rs 296 as against to Rs 300 previously and copper utensils scrap went down by Rs 3 per kg to Rs 367 as compared to Rs 370.

Copper sheets cutting and brass sheets cuttings edged down by Rs 2 per kg each to Rs 388 and Rs 301 from Rs 390 and Rs 303, previously.
Copper scrap heavy also softened by a Re per kg to Rs 398.
However, Nickel climbed by Rs 10 per kg to Rs 860 from last Friday's closing level of Rs 850.